Seoul: The Korea Interbank Offered Rates (KORIBOR) displayed slight changes across various terms, as reported by Yonhap Infomax, the financial news and information arm of Yonhap News Agency. These rates were posted at 11:00 a.m., providing insight into the current interbank lending climate.
According to Yonhap News Agency, the 1-week and 1-month KORIBOR rates remained stable at 2.50% and 2.58%, respectively, compared to the previous session. The 2-month rate also held steady at 2.64%. However, there was a slight increase in the 3-month, 6-month, and 12-month rates. The 3-month rate edged up from 2.72% to 2.73%, the 6-month rate increased from 2.76% to 2.77%, and the 12-month rate rose from 2.88% to 2.90%.
These figures reflect the current trends in the interbank lending market, with minor adjustments in longer-term rates while short-term rates remain unchanged. The stability in the shorter terms and incremental increases in longer terms could suggest varying market expectations and financial strategies among banks.